Title: Old Mutual Financial Networks Power Agent Incentive Rewards Program
1Old Mutual Financial NetworksPower Agent
Incentive Rewards Program
2What is the Power Agent Incentive Rewards (PAIR)
Program?
3What is PAIR?
- PAIR is
- A thank you from Old Mutual Financial Network
to our best producers the producers who have
made OMFN one of the most successful insurance
companies in the business - An agent reward for ongoing, consistently high
production - And most importantly PAIR is.
- A way to put more money in your pocket -- A
LOT more money
4What is PAIR?
- PAIR is
- A restricted bonus plan for deferred annuity
producers - For agents who qualify for PAIR, Old Mutual
Financial Network makes regular, substantial,
contributions to your account
5PAIR Program Overview
- Highlights of the PAIR program
- Increases your compensation from past, present
and future sales with no changes to your
current compensation - Bonus amount increases for each successive year
of qualification its progressive! - Earn the full account value in just six years
with OMFNs aggressive vesting schedule - You control the account investment options
6PAIR program basics
- The PAIR program contributes to an agents
account based on deferred annuity production with
Fidelity and Guaranty Life and Americom Life - Paid applications on at least five (5) different
lives are required per qualification period - Agents must qualify each year to receive a
contribution to their account - The producer whose name appears on the
application as the Writing Agent will receive
program credit - If more than one writing agent name appears on
app, production credit apportioned according to
indicated for each agent
7PAIR Credits
- So Whats a PAIR Credit?
- For every 1X in deferred annuity production, you
will receive one PAIR credit - PAIR Credits minimum value will be 1,000
- The credit can never go below this minimum amount
- PAIR Credits maximum value will be 5,000
8PAIR program basics
- Aggressive vesting means you
- earn your account value faster!
9How PAIR works
- How PAIR Works The Initial Year
- You receive 1 unit of production credit per each
1X million of annuity premium paid for - Production above the 1X million amount will be
recognized for purposes of contributions in ½
units - If you sell 1.5X or more but less than 2X in
qualifying annuity premium, you will receive 1.5
units of contribution credit
10How PAIR works
- The Initial Year -- Example
- If 1.4 million is the qualification threshold,
then 1.4 million in production will receive 1
PAIR credit - So, in this example
- 2.1 million 1.5 credits
- 2.8 million 2 credits
- There is no cap on
- the number of credits!
11How PAIR works
- How PAIR Works Subsequent Years
- Each year you qualify, you will receive a
contribution for that year - You will ALSO receive a contribution for all the
prior years you qualified - For example if you qualify five years in a row,
in year 5, you receive credits for all five
years - And once a value for a credit is set, it can
NEVER change! - Lapses, however, will be used to determine the
specific dollar credit for a particular agent - In essence you are getting paid MANY TIMES
for a sale youve already made!
12PAIR Keeps Paying
It can really add up!
13PAIR Keeps Paying
It can really add up!
14PAIR Keeps Paying
It can really add up!
15Taking a Year Off?
- So what happens if you dont qualify one year?
- No Problem!
- But you wont get contributions for the year
you didnt qualify OR for previous years - When you re-qualify, the next year you will still
get contributions for the previous years when you
met the minimum qualification
16Which One Do You Want to Be?
Producer A Qualifies at 2.5 credits for 8 years
in a row At the end of 8 years, Producer A has
315,000 in his PAIR account
Producer B Qualifies at 2.5 credits for 6 years,
not for year 7, but again in year 8 At the end
of year 8, Producer B has 245,000 in his PAIR
account
Taking year 7 off cost Producer B 70,000!
17Restarting in PAIR
- Taking off more than one year
- Taking two years in a row off will dramatically
affect the value of your PAIR account - At the end of the second year of not qualifying,
you will receive a check for the vested amount in
the PAIR account and you start over in the
program - You can always re-qualify!
- If you meet the minimum qualification after
having cashed out your PAIR account, well
simply re-start you as a new agent
18Start Over Producer
19Summary
- The PAIR program
- Can increase your compensation from past, present
and future sales - Is progressive the bonus amount increases for
each successive year of qualification - Lets you control your account investment options
20Interested in getting started in PAIR?
21Getting started in PAIR?
- Old Mutual Financial Network has a portfolio of
deferred annuities that makes it easy to meet
and exceed the PAIR program goals - Both annuities from Fidelity and Guaranty Life
and Americom Life and Annuity qualify for the
PAIR program
22PAIR Index Annuities
- Spectrum Rewards Bonus
- Flexible Premiums
- 6 Premium Bonus (on all first-year premiums)
- Four interest crediting options
- Clients can link their index returns to a formula
tied to the SP 500, using 1-Year, 2-Year, 3-Year
monthly point-to-point options - A fixed interest option is also available
23PAIR Index Annuities
- Spectrum Rewards Reserve
- Flexible Premiums
- 4 Premium Bonus (on all first-year premiums)
- Four interest crediting options
- Clients can link their index returns to a formula
tied to the SP 500, using 1-Year, 2-Year,
3-Year monthly point-to-point options - Nursing Home, Terminal Illness and Unemployment
riders available
24PAIR Index Annuities
- Loyalty Rewards
- 12 Account Value Escalator
- Returns linked to SP 500 or DJIASM
- Freedom to reallocate annually
- 100 participation for all index options, subject
to a cap - Cap is guaranteed annually and will never be less
than 5
25PAIR Index Annuities
- Index Rewards / Index Rewards 5
- Single Premium
- Returns linked to SP 500 or DJIASM
- Point-to-point or monthly averaging its the
clients choice! - 100 participation on all crediting methods
- Account value reallocation annually at policy
anniversary
26PAIR Index Annuities
- PowerSelect
- Single Premium
- Choose from NASDAQ 100, SP 500 or DJIASM
Monthly Averaging or a Fixed Option - 100 participation rate
- Maximum guaranteed surrender value is 3 _at_ 90 on
all indexed options
27PAIR Index Annuities
- Prosperity 2
- Single premium
- Biennial reset
- 100 participation rate
- Choose from returns linked to the SP 500 or
one of two fixed interest options
28PAIR Index Annuities
- Americom Lifes Spirit 7
- For use in competitive bidding situations
- 7 retirement account value escalator on first
year premium (1 per year for 7 years) - Choose from SP 500 or DJIASM Point-to-point
or monthly averaging, plus a fixed option
29PAIR Fixed Annuities
- Fidelity 5
- Traditional, Fixed Guaranteed Annuity
- 5-year guarantee period
- 2 first-year bonus
- 3 minimum guaranteed rate
- 2 annuitization bonus
- Market Value Adjustment
30PAIR Fixed Annuities
- Fidelity Platinum
- Multi-Year Guaranteed Annuity
- 5, 7 or 10-year guarantee period
- 1.5 minimum guaranteed rate (varies by state)
- 30-day window
- Market Value Adjustment
31PAIR Fixed Annuities
- Fidelity Platinum Plus
- Multi-Year Guaranteed Annuity
- 1 first-year bonus
- 5, 7 or 10-year guarantee period
- 1.5 minimum guaranteed rate (varies by state)
- 30-day window
- Market Value Adjustment
32PAIR Fixed Annuities
- Americom Life Pledge Plus
- For use in competitive bidding situations
- Multi-Year Guaranteed Annuity
- 5-year guarantee period
- 3 minimum guaranteed rate
- 30-day window
- Market Value Adjustment
33Get started in PAIR Today!
- Old Mutual Financial Network has a portfolio of
annuities you can be proud to sell - Placing significant sales with OMFN companies can
greatly increase your compensation from past,
present and future sales - By making sales with PAIR in mind you can put
more money in your pocket a LOT more money!
34Questions?